The Study of Economics Exists Because

question 249

Multiple Choice

The study of economics exists because:

• A)government interferes with the efficient allocation of scarce resources.
• B)resources are scarce in relation to human material wants.
• C)the market system is an obstacle to the efficient use of plentiful resources to satisfy constrained wants.
• D)resources are overly abundant as compared to wants; thus, an allocation problem exists.